Private Lending
At nonqmfunding.com, we pride ourselves on not only providing non-QM mortgage products but also offering private lending, which is commonly referred to as hard money. The term “hard money” is used because these loans are typically short-term in nature. Now, let us give you three key points about our private lending services:
- Flexibility: Our private lending options provide borrowers with a high degree of flexibility. Unlike traditional mortgage products, hard money loans are not subject to the same strict underwriting guidelines. This means that we can often accommodate borrowers who may not qualify for conventional financing due to factors such as credit history or income verification.
- Quick Turnaround: One of the major advantages of hard money loans is their speedy approval process. At nonqmfunding.com, we understand that time is of the essence for many borrowers, especially those involved in real estate investments or time-sensitive transactions. With our private lending services, we strive to provide quick decisions and funding, allowing borrowers to seize opportunities without delay.
- Asset-Based Lending: Another distinguishing feature of hard money loans is that they are typically asset-based. This means that the loan is secured by the value of the property being financed, rather than solely relying on the borrower’s creditworthiness. As a result, our private lending options can be particularly attractive to real estate investors or individuals looking to leverage their existing properties for additional financing.
To receive more information about private lending please feel free to contact us and one of our loan specialists would be happy to explain and show you can benefit from this mortgage program.